So this item in the original agreement doesn't apply??
The Merger Agreement also provides that, in connection with a termination of the Merger Agreement under specified circumstances, ETE will be required to pay WMB a termination fee of $410 million as reimbursement for a portion of the termination fee that was paid by WMB to Williams Partners, L.P. (“WPZ”) in connection with the termination of the previously announced merger agreement, dated May 12, 2015 (the “WPZ Merger Agreement”),
So now that the merger is off the table does that mean ETC is also off the table or is KW likely to want to pursue the C Corp structure. I suppose first and foremost will be what's best for his own interests.
" For example, at $30, the yield is a little under 4%, not very attractive unless coupled with another 5% (at least) annual share price gain."
If ETE runs from $14 to $30, I doubt those of us holding now will be moaning about a 4% yield or chanting "but what have you done for me lately."
I doubt we're through with Brexit. UK and Europe are on shaky ground and if some other country starts mouthing off about cutting and running, things could get even worse.
The connection between WMB's sorry state and ETE is now officially severed. The WMB dividend cut and desperate free cash flow will have nothing to do with ETE and ETE will grow completely apart from WMB.
"This is headed for red by EOD. "
Don't feel bad. Half the population is below average in intelligence so you have company in the community of losers.
I don't short stocks but you have to admit they give the rest of us a boost. Short covering is a nice thing to behold.
Energy Transfer Equity, L.P. (ETE) (“ETE” or the “Partnership”) today announced that it has terminated its merger agreement with The Williams Companies, Inc. (“Williams”) effective June 29, 2016.
Zacks has a little problem getting facts straight.
"Texas pipeline operator Energy Transfer Equity L.P. is no longer bound by its agreement to buy rival natural gas pipeline company Williams Companies Inc., according to the recent ruling by the Supreme Court of Delaware."
"Williams could put those funds to a better use for a lot of things"
Like hiring qualified lawyers to read any contracts before they're signed/
There's a reason why Cramer's Action Alert Portfolio under performs the S&P 500
"How high next week?"
I expect a few ETE longs will be getting high over the weekend. Only on quality booze of course.
I imagine you're drowning your sorrows, he Bill?
Or are you going to try to tell us how you loaded up on ETE when it was below $5 and held on??
"Court's opinion alluded to the on-going issue over the special rights issuance, which is being contested by a group of standard ETE limited partners. "
No sweetie, I'm talking about the suit brought against him for this special convertible that was made available to a select group of ETE shareholders.
Look at the topic heading for this thread and try to keep up.